Kaden Signs Strategic Partnership Agreement with DB Schenker to Expand in the Saudi Market Through Logistics Projects
Riyadh, Kingdom of Saudi Arabia – July 17, 2024: Kaden, a company specializing in real estate development and asset management, announced the signing of a strategic partnership agreement with the German company DB Schenker, a global leader in logistics and supply chain services. The signing ceremony took place at Kaden’s headquarters in Riyadh, attended by Kaden’s CEO, Eng. Mohammed Al Othman, and DB Schenker’s Regional Director for Logistics Services in the Middle East and Africa, Mr. Ako Jaf.
The agreement aims to expand Kaden’s presence in the Saudi logistics market and includes the development of warehouses specifically designed to meet DB Schenker’s operational needs. This comes after Kaden’s success in developing and operating various distinguished projects, offering world-class standards and exceptional integrated services. Notably, The Logistics Park project in Riyadh has emerged as one of Kaden’s flagship successes. Kaden’s logistics projects are distinguished in the region for providing innovative solutions tailored to clients’ needs, maximizing operational efficiency and performance improvements.
Eng. Mohammed Al Othman expressed his delight with the partnership, stating: “We are pleased to partner with DB Schenker to develop dedicated warehouses for the global company. This collaboration follows Kaden’s successful development of high-standard logistics projects that meet global benchmarks for industry leaders like DB Schenker, contributing to the growth and advancement of the logistics sector in the Kingdom of Saudi Arabia.”
Mr. Ako Jaf added: “This partnership is significant in enhancing developments that will positively impact DB Schenker’s logistics services. The modern facilities within these logistics complexes will not only improve our service delivery but also support Saudi Arabia’s economic diversification objectives to achieve the Vision 2030 targets.”
This partnership reflects the private sector’s contribution to achieving the Kingdom’s goals by strengthening Saudi Arabia’s position as a leading logistics hub across three continents, creating job opportunities, supporting economic development, and attracting top global companies in the sector.
